When Hive Power-Up Day rolls around, it's never an easy choice. Do I buy Hive? Do I buy Bitcoin? Today, Hive has won the play. Here is why.
BTC Goal Met
I have purchased enough BTC to know things will be alright in the future. I could accumulate more. However, there is no pressure. At the moment, my BTC is earning yield. So, it's not a zero-sum game.
Hive has held its value
Even with BTC fluctuations, Hive has done a fair job of keeping its gains. While Hive is not completely uncorrelated to BTC, it seems to want to chart its own course. Therefore, I am less concerned about a price dump.
Hive is working capital
Unlike BTC, which is a pure hodl play, Hive is more like working capital. Powering up on Hive increases my capacity to earn from my efforts. If this were a business, it would be like buying a piece of equipment that would increase my productivity. In this regard, powering up is like turning up the dial to 11.
I'm still trying to reach 10,000 Hive. Call me crazy. Once I reach that goal, I'll shift my focus to alt accounts. From a security perspective, it's dangerous to have your net worth on display to the world. In some parts of the world, this could get you or a family member kidnapped and ransomed. At some point, I'll have to move my Hive holdings into an anonymous account. For now, 10,000 Hive seems like a safe amount to hodl out in the open.
Congratulations and good luck to all you other Hive Power Up Day participants.